FTSE 100

Key insight

10,700 round-number cap is the line in the sand — break above it with volume opens 10,800+; failure keeps FTSE range-bound between 10,550 and 10,700 into quarter-end rebalancing flows.

Holds 10,660 with a +0.28% nudge, but stalls below the 10,700 round-number resistance. GBP/USD at 1.3228 drags on export earners while gold's +1.4% surge lifts miners.

Main risk

GBP/USD strength squeeze on exporters

GBP/USD at 1.3228 compresses FTSE's large-cap exporters; sustained move above 1.33 risks a 1–2% earnings headwind for the index's top-40 revenue earners.